Posted 6 years ago on Nov. 11, 2011, 5:42 p.m. EST by owschico
(295)
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TITLE 18 > PART I > CHAPTER 25 > § 486
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§ 486. UTTERING COINS OF GOLD, SILVER OR OTHER METAL
Whoever, except as authorized by law, makes or utters or passes, or attempts to utter or pass, any coins of gold or silver or other metal, or alloys of metals, intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design, shall be fined under this title [1] or imprisoned not more than five years, or both.

24 Comments

If you study the conservative agenda that was just defeated, slavery would seem to be the ultimate goal: no education, make it hard to vote, and unbridled population explosion, primarily in the areas that couldn't get illegal abortions, etc. as readily as the wealthier folks.

no, although I know of that being golfer. But it is a law made so you can not create a currency that will hold its value, you can pay people in paper all you want because that has a value in dollars. But gold and silver are independent of the dollar the dollar has no effect on the value of gold or silver.

Since value is a human concept, we could use any medium we want to to represent our share of the community labor/product pool. It all breaks down, though, when the medium becomes a commodity itself. And, of course, it requires trust and faith, so first we have to reestablish those concepts.

[-]1 points
by ZenDogTroll
(13032)
from South Burlington, VT
6 years ago

Money is just an illusion. It has no value of its own - it is us who bring to it our system of belief and that is what gives it value - and power.

It is simply a medium of trade, a way of accounting for and trading on labor output. The problem is that it costs more to live than an average earner actually earns.

Back around the time mine workers first organized around unions mine workers often paid the mine owners for housing, and bought their food and their tools at the company store - and their weekly expenses exceeded their weekly pay.

Something similar is happening today - only on a much more complex level.

wow ZenDog, I am impressed. You actually see that money is a tool. I trade my time, labor and efforts for it so I can later trade the dollar for the time, labor and efforts of others. It is not the dollar or money that is the issue, it is the value we get for our time, labor and efforts that is the issue. Or, to throw you a bone, the lack of value, etc, etc...

[-]1 points
by ZenDogTroll
(13032)
from South Burlington, VT
6 years ago

well duhhh

I think actually that law is most likely a result of the California gold rush - but I haven't researched it.

Whatever.

The fact is that during at least the last decade there are communities where they have experimented with their own currency - Burlington, Vermont has had at least two versions - both requiring merchant participation for the trading scheme to work -

The dollar is how we make things move in our economy. It's not the problem. It's the design of our corporations. They take money from the masses and give them to a few shareholders. If the corporations belonged to the masses, the money would go back to the masses, and we wouldn't be in this predicament.

I'll put it this way 10 years ago you could buy a gallon of gas for 1 dollar, and an ounce of gold for 250 dollars. Now how much is your dollar buying and how much more are you making right now? If they are not proportional then you are being robbed blind by the fiat system this law keeps in place